Linden Thomas Advisory Services LLC Purchases 1,560 Shares of New Fortress Energy Inc. (NASDAQ:NFE)

Linden Thomas Advisory Services LLC grew its position in New Fortress Energy Inc. (NASDAQ:NFE) by 3.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,217 shares of the company’s stock after purchasing an additional 1,560 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in New Fortress Energy were worth $1,895,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. CWM LLC raised its holdings in shares of New Fortress Energy by 57.1% in the third quarter. CWM LLC now owns 2,129 shares of the company’s stock valued at $70,000 after purchasing an additional 774 shares during the last quarter. IFP Advisors Inc purchased a new stake in shares of New Fortress Energy in the third quarter valued at about $92,000. Van ECK Associates Corp grew its position in New Fortress Energy by 15.3% during the third quarter. Van ECK Associates Corp now owns 3,623 shares of the company’s stock valued at $119,000 after buying an additional 482 shares during the period. ORG Partners LLC grew its position in New Fortress Energy by 14.3% during the third quarter. ORG Partners LLC now owns 4,206 shares of the company’s stock valued at $138,000 after buying an additional 526 shares during the period. Finally, Castleview Partners LLC grew its position in New Fortress Energy by 39.6% during the third quarter. Castleview Partners LLC now owns 5,148 shares of the company’s stock valued at $169,000 after buying an additional 1,459 shares during the period. 58.61% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on NFE. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $35.00 target price (down previously from $40.00) on shares of New Fortress Energy in a research report on Monday, March 4th. Stifel Nicolaus cut their target price on shares of New Fortress Energy from $49.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, March 1st. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, New Fortress Energy has a consensus rating of “Hold” and a consensus price target of $39.29.

New Fortress Energy Price Performance

Shares of NFE stock traded up $0.05 during trading hours on Tuesday, reaching $28.19. The stock had a trading volume of 676,593 shares, compared to its average volume of 1,296,871. The stock’s fifty day simple moving average is $30.86 and its 200 day simple moving average is $33.33. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 3.66. New Fortress Energy Inc. has a 12 month low of $25.06 and a 12 month high of $40.04. The firm has a market capitalization of $5.78 billion, a PE ratio of 10.62 and a beta of 1.53.

New Fortress Energy (NASDAQ:NFE) last announced its earnings results on Thursday, February 29th. The company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.08. The business had revenue of $758.60 million for the quarter, compared to the consensus estimate of $647.54 million. New Fortress Energy had a net margin of 22.70% and a return on equity of 36.16%. New Fortress Energy’s quarterly revenue was up 38.8% on a year-over-year basis. During the same period last year, the firm posted $0.87 earnings per share. On average, equities research analysts predict that New Fortress Energy Inc. will post 3.73 EPS for the current year.

New Fortress Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 15th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date was Thursday, March 14th. New Fortress Energy’s dividend payout ratio is currently 15.09%.

New Fortress Energy Company Profile

New Fortress Energy Inc operates as an integrated gas-to-power energy infrastructure company that provides energy and development services to end-users worldwide. The company operates in two segments, Terminals and Infrastructure, and Ships. The Terminals and Infrastructure segment engages in the natural gas procurement and liquefaction; and shipping, logistics, facilities and conversion, or development of natural gas-fired power generation.